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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Japan Project Meeting

Shiro Armstrong, Charles Horioka, Takeo Hoshi,
Tsutomu Watanabe, and David Weinstein, Organizers

July 31 - August 1, 2014

Asian Development Bank Institute
Kasumigaseki Building 8F
3-2-5, Kasumigaseki, Chiyoda-ku
Tokyo 100-6008, Japan

PROGRAM


Participant List

Thursday, July 31:

8:30 am

Breakfast/Registration

8:50 am

Welcome Remarks by Naoyuki Yoshino, Dean, Asian Development Bank Institute


9:00 am


Chair:  David Weinstein, Columbia University and NBER

Gary Hansen, University of California at Los Angeles and NBER
Selo Imrohoroglu, University of Southern California
Fiscal Reform and Government Debt in Japan: A Neoclassical Perspective

Discussant:  Fumio Hayashi, Hitotsubashi University and NBER

10:00 am

Break


10:30 am


Chair: 
Shiro Armstrong, Australian National University

Jessie Handbury, University of Pennsylvania and NBER
Tsutomu Watanabe, University of Tokyo
David Weinstein, Columbia University and NBER
How Much Do Official Price Indexes Tell Us About Inflation?

Discussant:  Masahiro Higo, Bank of Japan


11:30 am


Saroj Bhattarai, Pennsylvania State University
Gauti Eggertsson, Brown University and NBER
Bulat Gafarov, Pennsylvania State University
Time Consistency and the Duration of Government Debt: A Signalling Theory of Quantitative Easing

Discussant:  Emi Nakamura, Columbia University and NBER

12:30 pm

Lunch

Chair:  Takeo Hoshi, Stanford University and NBER


Lunch Speaker:  Yasuchika Hasegawa, Chairman of the Board and CEO, Takeda Pharmaceutical Company Limited


2:00 pm


Joe Peek, Federal Reserve Bank of Boston
Suparna Chakraborty, University of San Francisco
Lending to Unhealthy Firms in Japan during the Lost Decade: WTF?

Discussant:  Daisuke Miyakawa, Nihon University

3:00 pm

Break


3:30 pm


Chair:  Tsutomu Watanabe, University of Tokyo

Shigeru Fujita, Federal Reserve Bank of Philadelphia
Ippei Fujiwara,
Australian National University
Aging and Deflation: Japanese Experience

Discussant:  Jon Steinsson, Columbia University and NBER

4:30 pm

Panel Discussion
Moderated by:  Takeo Hoshi, Stanford University and NBER

Panelists:
Anil Kashyap, University of Chicago and NBER
Ryutaro Kono, BNP Paribas
Sayuri Shirai, Bank of Japan

6:00 pm

Adjourn

6:30 pm

Dinner Cruise of Tokyo Bay

Participants should meet in lobby of ADBI at 6:00 pm to be guided to the pier
Address: 1-16-8 Kita-Shinagawa, Shinagawa-ku, Tokyo
Telephone: +81 (0)3 5479 2731
http://www.funasei.com/fsei_english.htm


Friday, August 1:

8:30 am

Breakfast


9:00 am


Chair:  Ganeshan Wignaraja, Asian Development Bank Institute

Andrew Bernard, Dartmouth College and NBER
Andreas Moxnes, Dartmouth College and NBER
Yukiko Saito, RIETI
Production Networks, Geography and Firm Performance

Discussant:  Makoto Nirei, Hitotsubashi University


10:00 am


Break


10:30 am


Chair:  Charles Horioka, University of the Philippines and NBER

Serguey Braguinsky, Carnegie Mellon University
Atsushi Ohyama, Hokkaido University
Tetsuji Okazaki, University of Tokyo
Chad Syverson, University of Chicago and NBER
Acquisitions, Productivity, and Profitability: Evidence from the Japanese Cotton Spinning Industry

Discussant:  Tatsuo Ushijima, Aoyama Gakuin University


11:30 am


Jordan Siegel, Harvard University
Naomi Kodama, Hitotsubashi University
Hanna Halaburda, Harvard University
The Unfairness Trap: A Key Missing Factor in the Economic Theory of Discrimination

Discussant:  Miki Kohara, Osaka University


12:30 pm

Lunch and Adjourn




ESRI Joint Seminar, August 1, 2014
http://www.esri.go.jp/en/international_conference_20140501test.html










We are very grateful to the Asian Development Bank Institute, the Shorenstein Asia-Pacific Research Center at Stanford University
and to Miki Futagawa of the European Institute of Japanese Studies for their generous assistance and support.